Principles of Banking Icom Part 2 English Medium Online Test With Answers

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Principles of Banking Icom Part 2 English Medium Online Test

Sr. # Questions Answers Choice
1 What is meant by margin requirement To advance loan less than the value of security To give less amount as interest than the amount of loan To advance more loan than the value of security To advance loan equal to the value of security
2 Which function does a central bank not perform Credit creation Advancing loans Lender of last resort Banker of the public
3 Which method or methods are prevailing in Pakistan for issuing notes Fixed Fiduciary System Proportional Reserve System Both a and b None of the these
4 Which principle is followed by central bank to issue currency notes Currency principle Banking principle Both principle None of the above
5 Credit money in the country is controlled by Central bank Commercial bank Industrial bank Agricultural bank
6 Modern central banking system started in 18th Century 19th Century 20th Century None of these
7 The following is not used in E-Banking Credit card Debit card Cheque All the above
8 ATM is used to withdraw money from the Branch of bank in which we have the account Any branch of concerned bank Other banks All the above
9 What is necessary to withdraw money through ATM I.D. card Cheque Pin code None of these
10 What is the purpose of using credit card To purchases goods and services To win the prized from banks To travel abroad To invest the saving
11 Services provided by on line banking Depositing the money into the account Withdrawal the money from bank Transfer of money All the above
12 E-Banking provides benefits to the following Accountholder Banker Economy All the above
13 What is the full form is ATM Automated Teller Machine <div><table id="AcrFinder" style="box-sizing: inherit; color: rgb(64, 64, 64); font-size: 13px; border-spacing: 0px;"><tbody style="box-sizing: inherit;"><tr data-cat="3" style="box-sizing: inherit;"><td style="box-sizing: inherit;"><span class="hvr" style="box-sizing: inherit;">Asynchronous</span><span class="hvr" style="box-sizing: inherit;">Transfer</span><span class="hvr" style="box-sizing: inherit;">Mode</span></td></tr></tbody></table></div> <div><table id="AcrFinder" style="box-sizing: inherit; color: rgb(64, 64, 64); font-size: 13px; border-spacing: 0px;"><tbody style="box-sizing: inherit;"><tr data-cat="4" style="box-sizing: inherit;"><td style="box-sizing: inherit;"><span class="hvr" style="box-sizing: inherit;">Air</span><span class="hvr" style="box-sizing: inherit;">Traffic</span><span class="hvr" style="box-sizing: inherit;">Management</span></td></tr></tbody></table></div> None of these
14 How many merits of debit card 5 6 7 8
15 How many merits of credit card 7 8 9 10
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